Kyla Scanlon: uncertainty

Transcript context

…It depends. There’s publicly traded stuff and inside stuff, and it may be quite different answers, but all the major technological revolutions I’ve seen in history — they have bubbles, and the bubbles pop, and a lot of people lose a lot of money. I would be surprised if this time it were different, but I would be surprised if it just stayed down low and never came back. Pets.com is gone, but the internet is with us. Yes, that’s true. Part of the Sequoia memo was like, “We don’t know how some of this application will be applied. We don’t know where AI will be actually useful.” Do you think that the example of pets.com with the internet bubble — there are useful parts of AI, and the un-useful parts, the pets.com of AI, will get washed out in the cycle? It may be more dramatic than that. One possible model is, the AI services become commoditized, so the people who paid for all the fixed costs of training and the like — they are, so to speak, the suckers. They’ll never get that money back. We’ll have really cheap AI soon for almost everyone, and most of the gains will go to users and consumers.…

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